Dual-currency card: refers to a bank card issued by many domestic banks with RMB and foreign currency settlement accounts and with the logo of UnionPay and another international bank card organization. Dual-currency cartoons often use RMB as the settlement currency in the settlement network of China UnionPay, and foreign currency can be used as the settlement currency in the settlement network of international bank card organizations designated by the overseas dual-currency card logo. (Of course, countries with UnionPay network abroad can also settle in RMB). Dual currency card is a transitional product under the current foreign exchange control in China.

As for the second question, in the future, banks will reduce the issuance of dual-currency cards and adopt the organizational model of single card and single card, that is, apply for dual-currency cards and directly issue two cards, one for UnionPay and one for other cards.